Great investor live in property-TM commercial lot

For Sale By Owner Inc.

This listing was posted on For Sale By Owner Inc..

$998,900

Great investor live in property-TM commercial lot

Price:

$998,900

BR/BA:

3 BR, 2 BA

Location:

271 McArthur Avenue, Ottawa, ON

Description:

Great 3 bedroom detached brick house on TM mixed usage residential / commercial lot SUMMARY DESCRIPTION: FOR SALE: 271 McArthur Avenue, Ottawa resides on a TM Zone lot hosting a charming and well maintained two-floor detached brick house with a separate storage/workshop on a foundation and with electricity. This property is located on a lovely fenced and treed backyard, 5 minutes from downtown Ottawa. GREAT ZONING: This mixed usage residential/commercial property offers one of the most versatile and best value for money opportunity ($$/ft2) you can currently get for a property on a TM zoned lot in Ottawa. This buyer's purchase opportunity is ideal for any professional such as an accountant, lawyer, real estate agent, consultant and/or investor who wants to take advantage of its live in, exploit it for business, rent it and/or hold onto it for future TM zoned investment/construction project as the lot can be used for a developmental project/construction of up to 20 meters high - 6 floors building. Please note that the governments are promoting such projects along with the densification of the population in downtown Vanier-Ottawa where citizens must be able to get their service needs met within 15 minutes of walk from their accommodation. GREAT RENTAL INCOME: Large three bedroom home rented profitably since 2005, where the 3rd bedroom is located in the basement and used as an opened concept home office or suite. The net income is approx. $30 000/year with potential for increase with no or a minimal investment. The property for sale is owned by "GetITExperT Inc." or in French "AcquIerTExperT Inc." (3775356 Canada Inc.) a business delivering Information Technology (IT), Information Management (IM) and Project Management services since 2000. The business is not included in the listed sale price. GREAT LOCATION: This property offers an easy access to the city bus, cycling paths, schools, shopping malls, restaurants, Queensway, hospitals, arena, and the bridges to the province of Quebec. It is also close to several Embassies and government departments/agencies. The bus stops are located one house away to the property for expedite transport to the Rideau or St-Laurent shopping mall. The bus schedule runs every 15 minutes at peak hours. DISCLAIMER: The information provided in this AD is provided in good faith by the seller. Before making a purchase offer, potential buyers need to do their own verifications in contacting the Ottawa municipal authorities for any project that implies a change of property use and development. Sections 197 and 198 of the City of Ottawa Zoning By-law detail the list of residential and commercial uses permitted on this TM Zoned property. DESCRIPTION DETAILS: 1ST FLOOR OF THE HOUSE: As French doors adorn the house throughout, the main floor recovered in oak hardwood, offers an open concept with a large living room with a gas fireplace, and a pleasant dining room with patio doors leading to a 2-level wooden and tile decks for summer dining and enjoyment. The eat-in kitchen connects to the dining room with laminated floor, counters top with oak moldings, efficient lighting, and ample cupboards space. 2nd FLOOR OF THE HOUSE: Offers two spacious bedrooms with wood grain laminated flooring and a complete bathroom. The master bedroom spans over approximately 24 x 10,1 feet excluding a wall-to-wall stain glass closet while the second bedroom offers approximately 13,1 x11.1 feet of resting area excluding the closet. A four-pieces washroom is located on the 2nd floor equipped with an integrated shower and bathtub, low debit toilet, fan, sink and cabinet along with a deep closet serving as additional storage space. FINISHED BASEMENT: The basement is finished except for two utility rooms, the sump pump and furnace rooms. It offers an open concept living space which can be used as a home office/suite or as a 3rd bedroom. This suite includes a wall-to-wall mirror door closet, a separate entrance closet for guests and a pleasant kitchenette with appliances equipped with a self and easy clean stove, fridge, microwave, dehumidifier connected directly to the well for low maintenance along with a kitchen counter with sink and efficient lighting. The suite includes a three-pieces washroom equipped with a shower, low debit toilet, washroom sink, fan and large storage space for towels and supplies. There is a side entrance to the house providing a direct access to the basement with a different lock from the main house entrance located at the front of the property. LAUNDRY ROOM: The laundry room includes a washer and dryer located in the basement and which room is separate from the 3rd bedroom/home office/suite. ROOFS: 1) Roof of house redone in 2017 with covered gutters 2) Roof of workshop protected against weather damage and awaiting new project idea. PARKINGS: There is a total of 3 parking spaces available in line on a paved driveway on the right side of the house. There is also a landscapping area on gravel available in front of the balcony which is currently used as an additional parking space. LARGE & LOVELY PRIVATE BACKYARD with DECKS: A 2-level wood and tile patio deck can be enjoyed in the backyard. At the front of the house a new balcony built in November 2023 lands onto a tile deck offering a pathway into the house. DETACHED GARAGE SIZE STORAGE FACILITY: A detached garage-size shed has been transformed into a cold storage facility with electricity, large windows and two entrances. It is great to be used as a workshop or for small projects. Its ciment fondation could be used to host a tiny home or office with a small investment to bring additional income within the extensive list of residential and commercial usage allowed. UTILITIES: The high efficiency gas furnace belongs to the owner (fall 2022) along with the gas water tank which supply the house with central heat and hot water (so no rental charges apply). Air conditioned (Trane) is also central and controlled from the main floor with a programmable thermostat to save on energy. A 25 000 BTU gas fireplace located in the open concept living room is wishing you a warm welcome as you access the house from the main house entrance. There are 3 electrical services to the property: 125 & 70 amp services to the house plus a 100 amp to the house and workshop in the backyard. VIEWING: By appointment only. Please Email your request to XXXX@gmail.com with your contact information and full name. Email requests for visits from interested potential buyers shall include a time sensitive valid pre-approved official bank mortgage statement equal to the listed price or exceeding 1 million Canadian dollars. Thank you for your time and interest. Don't miss your chance to make an offer on this great deal as the supply for such versatile and great value property is very low.

Property Type:

Commercial & Office Space for Sale

Sq feet:

1,718 sq. ft.

Year:

1954

Amenities:

AC, Fireplace, Parking

For sale by:

By Owner

Posted:

March 19 on For Sale By Owner Inc.

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271 Mcarthur Avenue | Ottawa ON | 7209909230

Great investor live in property-TM commercial lot

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